Peanut Poundage Quota

Business / Agriculture / Peanut Poundage Quota: A peanut price support program supply control mechanism authorized by the Agricultural Adjustment Act of 1938 to regulate the marketing of peanuts consumed domestically for food when production becomes excessive. The FAIR Act of 1996 requires that (for the 1996-2002 crops) the poundage quota be set equal to projected food demand and related uses (but not including seed use). A related provision allocates a separate temporary (annual) quota to all peanut producers, based on the amount of seed peanuts planted on each farm. The national quota is allocated among states based on a historical share, and then divided among farms based on production history. Owners (via inheritance or purchase) of farm quota may sell peanuts produced against their quota, or sell, lease and transfer their quota to other producers. The FAIR Act of 1996 permits the sale, lease, and transfer of a farm quota across county lines up to specified limited percentages of a county’s total of all farm quotas. Quota owners in certain counties, depending on the size of the state or county quota, have unlimited rights to transfer their farm quota within the state. Government entities and out-of-state quota owners cannot hold quotas after the 1997 crop. Peanuts marketed outside the quota limits must be crushed for nonedible uses or exported and are called additional peanuts.
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Other Words for Quota

Quota Noun Synonyms: apportionment, portion, allotment, allocation, allowance, ration, share, part, proportion, percentage, equity, interest, cut

Quota System

Business / Human Resources (HR) / Quota System: In affirmative action systems, it is a means of attempting to achieve workplace balance by hiring and/or promoting specified numbers or ratios of minorities or women in positions from which they have MORE

Poundage Quota

Business / Agriculture / Poundage Quota: A quantitative limit on the amount of a commodity that can be marketed (also called a marketing quota) under the provisions of a permanent law. Once a common feature of price support programs, this su MORE

Peanut Price Support Program

Business / Agriculture / Peanut Price Support Program: The federal program that supports the farm price of peanuts by offering price support loans to peanut growers and by placing limits on the amount of peanuts allowed to be sold for domestic food use. F MORE